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UnitedHealth Group close to buying Helios for about $1.6 bln -source

2015-10-30 01:52:08| Beverages - Topix.net

Oct 28 Health Insurer UnitedHealth Group Inc is nearing a deal to buy Helios for more than $1.6 billion, according to a source familiar with the matter. The takeover of Helios, which is owned by Kelso & Company and Stone Point Capital LLC, could be announced as early as this week, Bloomberg reported earlier on Wednesday, citing people with knowledge of the matter.

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Millicom takes 24% stake in Helios Towers Africa

2015-10-08 02:00:00| Total Telecom industry news

Telco to exchange holdings in towers companies in Ghana, DRC and Tanzania for stake in parent company.

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Millicom gets 24% stake in Helios Towers Africa

2015-10-07 19:02:00| Telecompaper Headlines

(Telecompaper) Millicom and Helios Towers Africa (HTA) Africa's telecommunications tower company, have announced that Millicom will own 24 percent of shares in HTA on a fully diluted basis following a shareholding reorganisation. As a result of the reorganisation, Millicom will exchange shares which were previously held in HTA's tower companies in Ghana, DRC and Tanzania, into shares in HTA's parent company. This transaction will simplify the share ownership structure of HTA, align interest among shareholders and move Millicom's shareholding to the parent HTA company. The transaction does not change access to commercially sensitive information, which is held exclusively by HTA. In 2010, HTA acquired, through its different operating companies, a portfolio of 2,450 Millicom-owned towers in Ghana, DRC and Tanzania. At that time, Millicom retained equity stakes in the individual tower companies. These equity positions are now being exchanged for shares in HTA. HTA recently raised USD363 million in new equity from existing and new shareholders to fund acquisitions and new growth in existing markets. The share exchange is being undertaken at the same valuation as the funding round.

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